eXp World (NASDAQ:EXPI) Sets New 12-Month Low – Should You Sell?

eXp World Holdings, Inc. (NASDAQ:EXPI) hit a new 52-week low during trading on Thursday . The company traded as low as $9.10 and last traded at $9.18, with a volume of 883368 shares trading hands. The stock had previously closed at $9.89.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “neutral” rating and issued a $13.50 price objective on shares of eXp World in a research note on Friday, February 21st.

eXp World Trading Down 7.5 %

The firm has a fifty day moving average of $10.45 and a two-hundred day moving average of $12.09. The company has a market capitalization of $1.39 billion, a PE ratio of -65.35 and a beta of 2.44.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. On average, equities analysts expect that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.19%. eXp World’s dividend payout ratio is presently -142.86%.

Insider Activity at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $10.74, for a total value of $268,500.00. Following the completion of the transaction, the chief executive officer now owns 40,122,450 shares of the company’s stock, valued at approximately $430,915,113. This represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 320,000 shares of company stock worth $3,404,750 over the last quarter. Corporate insiders own 27.96% of the company’s stock.

Institutional Investors Weigh In On eXp World

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of eXp World by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company’s stock worth $140,834,000 after buying an additional 208,920 shares during the last quarter. Pacer Advisors Inc. bought a new stake in eXp World during the 4th quarter valued at about $60,767,000. State Street Corp raised its holdings in eXp World by 4.1% in the third quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock worth $42,019,000 after buying an additional 117,418 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of eXp World by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company’s stock valued at $25,553,000 after buying an additional 8,486 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of eXp World by 2.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,024,116 shares of the technology company’s stock valued at $23,298,000 after acquiring an additional 40,400 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.